415 33rd St N Great Falls, Mt. 59401
Wednesday, March 11, 2015
http://www.flexmls.com/share/EqZa/415-33rd-ST-N-GREAT-FALLS-MT-59401-
Real Estate Information Archive
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Displaying blog entries 1-10 of 10
Top 10 Reasons to Hire A Real Estate Agent
Thursday, February 19, 2015
Courtesy of: Park City Real Estate - JensenandCompany.com
Let us turn your dreams into an Address
Thursday, October 2, 2014
Finding a good real estate agent/broker is essential to enjoying a painless real estate transaction. The best agent for you doesn't necessarily work at the largest brokerage, close the most transactions or make the most money. The best agent for you is an experienced professional who will WORK for you, conduct themselves in an ethical manner and knows the market. The sale of your home could well be the most important financial transaction you have ever been involved with. The person you select can make it a satisfying and profitable activity, or a terrible experience. It's your home, and your money. The choice of your REALTOR is up to you. We at Buttrey Realty promise to go above and beyond to provide you with the best service in the business, whether you are buying or selling....put us to WORK for you!
New Home Sales are Hot!
Wednesday, February 26, 2014
New home sales hit five-and-a-half year high in January
WASHINGTON (Reuters) - Sales of new U.S. single-family homes surged to a 5-1/2-year high in January, possibly easing concerns of a sharp slowdown in the housing market.
The Commerce Department said on Wednesday that sales jumped 9.6 percent to a seasonally adjusted annual rate of 468,000 units, the highest level since July 2008.
December's sales were revised up to a 427,000-unit pace from the previously reported 414,000-unit rate. Economists polled by Reuters had forecast new home sales, which are measured when contracts are signed, falling to a 400,000-unit pace in January.
Sales in the Northeast soared 73.7 percent to a seven-month high, while the South recorded a 10.4 percent rise in transactions to a more than five-year high.
These regions along with the Midwest have experienced unusually cold weather that has been blamed for holding back economic activity. Sales tumbled 17.2 percent in the Midwest last month, while rising 11 percent in the West.
New homes are a small segment of the housing market, which lost momentum in the second half of last year following a run-up in mortgage rates and a shortage of properties for sale.
Higher borrowing costs and home prices mean that properties are less affordable for many, especially as income growth remains tepid.
Yields on 10-year and 30-year Treasuries rose after the release of the housing data, while U.S. stocks were trading broadly higher.
A separate report on Wednesday showed applications for loans to purchase homes fell 4 percent last week from a week earlier, hitting their lowest level since 1995.
Sales of previously-owned homes tumbled to a 1-1/2 year low in January and housing starts recorded their biggest decline in nearly three years last month, according to data last week.
That raised concerns that the sector, which is key to the economy's recovery, was slowing down sharply.
New home sales rose 2.2 percent compared with January 2013. For all of 2013, sales were the highest since 2008.
Last month, the supply of new houses on the market was unchanged at 184,000 units.
New house inventories are likely to remain lean for a while as builders complain about a lack of lots, materials and skilled labor. With household formation falling sharply last year, housing activity could remain constrained for a while.
The median price of a new home last month rose 3.4 percent to $260,100 from January 2013. The pace of price increases, however, has slowed in recent months.
At January's sales pace it would take 4.7 months to clear the supply of houses on the market. That was the fewest months since June and was down from 5.2 months in December.
A supply of 6.0 months is normally considered a healthy balance between supply and demand.
(c) Copyright Thomson Reuters 2014. Check for restrictions at: http://about.reuters.com/fulllegal.asp
10 Misunderstood Real Estate Terms
Thursday, January 23, 2014
Buying a home is complicated enough without feeling like your real estate agent is speaking a foreign language. Learning the real estate lingo is an important part of feeling in the loop while you're purchasing your home. These 10 definitions of commonly misunderstood real estate terms will help you be on your way to being an informed home buyer.
1) Appraisal
An appraisal is an assessment done by a certified appraiser justifying the purchase price for a property. The appraisal is usually based on an analysis of comparable sales of similar homes nearby.
2) Commission
Commission refers to the money that is paid to real estate agents after the closing of the transaction. They are a percentage of the purchase price (usually 3% or 6%). This is how real estate agents make their money.
3) CMA (Comparative Market Analysis)
A CMA is a professional report that real estate agents give to their clients. The report is an analysis done on the values of similar homes in the neighborhood or area that have sold or that are for sale at the same time. This report helps give a realistic listing and selling price.
4) Earnest Money
Earnest money is a deposit made by the potential home buyer to show that he or she is serious about buying the home. When the transaction is finalized, the funds are put towards the buyer's down payment.
5) Escrow
To place something in escrow means to place it in the hands of a third party until certain conditions are met. For example, earnest money deposits are often put into escrow until they are delivered to the seller when the transaction is closed.
6) Equity
Equity refers to a homeowner's financial interest in a property. Equity is the difference between the fair market value of the home or property and the amount still owned on it's mortgage and other liens.
7) Lien
A lien is a legal claim against a property that must be paid off when the property is sold. A mortgage or first trust deed are both considered liens.
8) REPC (Real Estate Purchase Contract)
The Real Estate Purchase Contract is a contract between parties for the purchase and sale of real estate. They are legally binding and are written down and signed by both parties.
9) Short Sale vs. Bank Owned Home
When a homeowner defaults on his mortgage, the lender may allow the home to be sold in a short sale. This means that the bank has agreed to let the home be sold for less than what the current owner owes on the property. A bank owned home is simply a home that has been foreclosed but the lender has not agreed to sell the home for less than what is owed on it.
10) Under Contract
If a property is "under contract" it means that the seller has accepted the buyers offer to purchase the property. Generally, the buyer is given a time period in which the sale can be finalized. During this time period, the seller cannot accept or entertain any other offers from other buyers
Little Details Matter
Tuesday, January 14, 2014
Pay attention to the details that your home presents
Details, Details, Details – it can be all about the details. Looking through the eyes of a Buyer.
Buyers often will turn their nose up at such things as:
- Toilet lids raised in your bathroom – put them down. You too men!
- Dirty showers/tubs – get rid of the grime.
- Throw rugs and carpeting that are dirty – clean ‘em up.
Nobody wants to see those toilet lids raised in your bathroom even if your toilets are clean. A toilet’s lid belongs in the down position to make a bathroom appear in it’s best light. Leaving a toilet lid up is like keeping the lid off of your toothpaste and leaving it on the bathroom countertop. It just makes your bathroom messy and uninviting.
You can’t hide behind shower doors, curtains or bathroom doors, as the dirt and grime in a shower or bathtub is readily accessible by Buyers, yet can easily be cleaned up by a little elbow grease and new caulking. Dirty showers/tubs can leave a lasting impression that you don’t want when you’re selling a home so get them cleaned up.
What do your throw rugs and carpeting say? They should be part of a welcoming package to prospective Buyers? If they’re dirty be sure to clean them before your list your home for sale.
Pay attention to the details in your home so it’s your home that your Buyer loves when they’ve narrowed down their selection of homes to the ones they’re considering buying; let it be yours when they’re having a hard time deciding and go back to your home because you had paid attention to your home’s details; translates to a Buyer that you have cared for your home so what’s underneath and hidden from the visible eye is likely all in good condition.
These and other details matter. It’s all about making sure your home is memorable for the right reason and not the little details that you forgot to attend to before your home was listed for sale. The little things matter!
Outdoor Kitchen
Friday, April 5, 2013
Love this oudoor kitchen idea! Smores all year long! Have a great weekend!
Displaying blog entries 1-10 of 10
